BMO US High Dividend Covered Call ETF (TSE:ZWH) Shares Down 0.3% – Here’s Why

BMO US High Dividend Covered Call ETF (TSE:ZWH)’s stock price fell 0.3% during mid-day trading on Tuesday. The company traded as low as C$27.13 and last traded at C$27.17. 4,713 shares traded hands during trading, a decline of 77% from the average daily volume of 20,307 shares. The stock had previously closed at C$27.25.

BMO US High Dividend Covered Call ETF Trading Down 0.3%

The stock’s fifty day moving average is C$26.75 and its two-hundred day moving average is C$26.46.

BMO US High Dividend Covered Call ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying U.S. companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will primarily invest in and hold the equity securities of dividend paying U.S. companies. Securities will be selected using a rules based methodology that considers dividend growth, yield and payout ratio. In addition, depending on market volatility and other factors, the ETF will write covered call options on these securities.